Rand Capital Co. (NASDAQ:RAND) Sees Significant Decline in Short Interest

Rand Capital Co. (NASDAQ:RAND) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,000 shares, a decline of 56.8% from the February 28th total of 16,200 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 16,800 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Rand Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th.

Rand Capital Price Performance

RAND stock traded down $0.42 during trading on Friday, reaching $19.17. The company’s stock had a trading volume of 3,363 shares, compared to its average volume of 7,475. The company has a quick ratio of 15.99, a current ratio of 15.99 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average is $22.93 and its 200-day moving average is $19.45. The company has a market capitalization of $56.93 million, a P/E ratio of 3.85 and a beta of 0.44. Rand Capital has a 1 year low of $13.69 and a 1 year high of $31.89.

Rand Capital (NASDAQ:RAND) last released its earnings results on Monday, March 10th. The asset manager reported $0.45 EPS for the quarter. Rand Capital had a net margin of 154.01% and a return on equity of 6.60%. The firm had revenue of $2.14 million for the quarter.

Rand Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 6.05%. Rand Capital’s dividend payout ratio is presently 33.92%.

About Rand Capital

Rand Capital Corporation is a business development company specializing in subordinated debt with warrants or preferred equity and venture capital investments. Within private equity, the firm specializing in capital growth and lower middle market investments. Within venture capital, it specializing in early to late-stage private businesses.